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Stuttafords dies on 1 August. There are lessons to learn
The 159-year-old icon failed to evolve. Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.
Stuttafords will shut up shop on 1 August.
The iconic giant could not evolve.
What do we learn from this?
The Money Show’s Bruce Whitfield interviewed Aurik Business Accelerator founder Pavlo Phitidis.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
Arguments are often why family-owned businesses don’t make it to the second generation.
Pavlo Phitids, Aurik Business Accelerator
Stuttafords had a great business model.
Pavlo Phitids, Aurik Business Accelerator
They created a wonderful experience. But things have changed.
Pavlo Phitids, Aurik Business Accelerator
Stuttafords is South Africa’s Kodak.
Pavlo Phitids, Aurik Business Accelerator
Focussing on a niche lends itself to a very successful click-and-mortar business.
Pavlo Phitids, Aurik Business Accelerator
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